Of course the law is unconstitutional. I wasn't saying it was. I was pointing out that machine guns were not banned. If you can afford the gun (and ammo) you can afford that tax. A $200 excise tax in 1934 would be $6,354 today. According to law, the excise tax on firearms other than pistols and revolvers should be 11%. A present-day transferable machine gun (e.g., Auto Ordnance M1 Thompson in .45 ACP) is for sale at $34,995, for which an 11% tax would be $3,849.45. It turns out they are a scarce commodity. Driving a Bugatti Veyron is not banned either, but try buying one.
Of course the law is unconstitutional. I wasn't saying it was. I was pointing out that machine guns were not banned. If you can afford the gun (and ammo) you can afford that tax. A $200 excise tax in 1934 would be $6,354 today. According to law, the excise tax on firearms other than pistols and revolvers should be 11%. A present-day transferable machine gun (e.g., Auto Ordnance M1 Thompson in .45 ACP) is for sale at $34,995, for which an 11% tax would be $3,849.45. It turns out they are a scarce commodity. Driving a Bugatti Veyron is not banned either, but try buying one.